ORIC vs SHW: Correlation
Oric Pharmaceuticals, Inc. (ORIC) and Sherwin-Williams (SHW) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORIC and SHW?
On 3 years of weekly data the ORIC/SHW correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 819.2 %².
Among the 11 assets we track against ORIC, SHW ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ORIC ahead by 39.0 points (+33.9% versus -5.1%). Risk is not evenly split, since ORIC carries 3.4 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ORIC vs SHW: side by side
| ORIC (Oric Pharmaceuticals, Inc.) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | +33.9% | -5.1% |
| 5-year return | -38.1% | +18.3% |
| Volatility (ann.) | 82.6% | 24.6% |
| Beta vs S&P 500 | 1.30 | 0.79 |
| Max drawdown (3Y) | -73.5% | -25.7% |
| Market cap | $1.4B | $83.8B |
| P/E (trailing) | – | 31.8 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ORIC | SHW |
|---|---|---|
| 2022 | -59.9% | -32.0% |
| 2023 | +56.2% | +32.7% |
| 2024 | -12.3% | +9.9% |
| 2025 | +1.4% | -3.8% |
| 2026 | +68.0% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORIC and SHW good diversifiers for each other?
Reasonably. At 0.40, ORIC and SHW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ORIC and SHW?
The ORIC/SHW correlation stands at 0.40 on a 3-year window (1 year: 0.32, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is SHW a good diversifier for ORIC?
Reasonably. At 0.40, ORIC and SHW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oric-vs-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/oric-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORIC correlations · SHW correlations
